Essentials of Financial Management

CHAPTER 3 Working With Financial Stmts Saved 7 Bethesda Mining Company reports the following balance sheet information for 2018 and 2019 Prepare the 2018 and 2019 common-size balance sheets for Bethesda Mining. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) 1.25 points 2019 eBook % % 38.098 78,639 199.946 316,683 96 BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 Assets Current assets Cash $ 29,266 % s Accounts receivable 58,281 % Inventory 133,148 % Total $ 220 695 % $ Fixed assets Net plant and equipment 5 657.347 % $ Total assets $ 878.042 % $ Liabilities and Owners' Equity Current liabilities Accounts payable $ 193,922 % $ Notes payable 89.020 % Total $ 282.942 % $ Long-term debt $ 245,000 % Owners' equity Common stock and paid in surplus $ 210.000 % $ Accumulated retained earnings 140,100 % Total $ 350,100 % 5 Total liabilities and owners' equity $ 878,042 % $ 589 278 905,961 % % 201,611 140,588 342.199 181.750 % % on $ % 210.000 172,012 382,012 905,961 % % %